Latest Posts from Our Blog

Resolved to Own a Home or Save for One in 2016? These Two Programs in Virginia Can Help

January 7, 2016

The First-Time Homebuyer Savings Plan A law that took effect in Virginia about nineteen months ago makes it possible for aspiring home owners to invest up to $50,000 in financial institutions like credit unions and banks or directly in mutual funds, brokerage accounts, or almost any other financial vehicle and declare them first-time homebuyer savings […]

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VHDA Mortgage Credit Certificates- Boost the Tax Benefits of Owning a Home!

June 22, 2015

The Mortgage Credit Certificate (MCC) program from VHDA could save first-time home buyers thousands of dollars by reducing the amount of federal income tax owed.  Unlike an income tax deduction, an MCC is a dollar-for-dollar credit against your federal income tax liability: The credit is equal to 20 percent of the annual mortgage interest you […]

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FHA Mortgage Insurance Premiums Reduced This Week

January 31, 2015

What this Means for Homebuyers This week, a new annual premium rate of the Federal Housing Administration (FHA) took effect, which reduced mortgage insurance premiums by 0.5 percentage point, from 1.35 percent to 0.85 percent. According to the FHA, this policy will translate into a $900 reduction in the annual mortgage payment for a first-time […]

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2014 Year End Housing Market Report Signals Momentum into 2015

January 22, 2015

According to a 2014 annual and fourth quarter housing market report released today by the Central Virginia Regional MLS, regional home sales activity for the year grew 2.6 percent from 2013, fueled largely by job growth twice the long-term annual average and economic recovery to levels higher than before the recession. Sales in the region […]

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REALTOR® Faye Hager’s 7-Year Hostel Project in Progress

January 7, 2015

Richmond REALTOR® Faye Hager watched her dream and 7-year campaign spring to life this September, as local construction company J.W. Enochs broke ground on Richmond’s first hostel. “I felt like I got married. I was on a high,” Hager said. The venture began when Faye met with John Wills, of the Potomac Council of Hostelling […]

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The Valentine Revamped

January 5, 2015

After a multi-million dollar, year-long series of renovations, the museum that tells Richmond’s many stories has unveiled its fresh new spaces to the public. Along with the freshly renovated spaces will be fresh new exhibits and programming in the coming year. The main gallery of The Valentine now hosts an ongoing exhibition called “This is […]

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Quirk Hotel & Other Developments to Spur Tourism in Richmond

December 30, 2014

At 201 W. Broad Street, an Italian renaissance revival style mid-rise building—which was built in 1916 for the J.B. Mosby and Co. Dry Goods Store—is in the midst of transformation into a stylish, modern boutique hotel, intended to immerse visitors in the unique culture of Richmond. Katie and Ted Ukrop, the founders of this development, […]

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First Time Homebuyer Savings Plan – FAQs

December 1, 2014

Below is a list of Frequently asked questions regarding Virginia’s new First Time Homebuyer Savings Plan. These FAQs were compiled by the Virginia Association of REALTORS®. What kinds of accounts can be FHSPs? Almost any account you have with a financial institution: mutual funds, CDs, stocks, bonds, money markets, even a savings account. How much can I put […]

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Third Quarter Housing Market Report Indicates Resumed Sales Growth and Healthy Demand

October 22, 2014

Richmond, Va. – According to a third quarter 2014 housing market report just released by the Central Virginia Regional MLS, sales growth has resumed in the region after a flat second quarter this year. The region as a whole had a four percent gain in sales from the same period last year. Growth in the Tri-Cities […]

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Are You Getting a Cold Chill Waiting for those Winter Heating Bills?

October 17, 2014

Get a healthy and efficient home energy evaluation! The nonprofit organization project:HOMES , a participating contractor in Dominion Virginia Power’s energy conservation programs, is now offering a Home Energy Check-Up for only $25*! The Home Energy Check-Up gives single family residents who are Dominion customers an overview of their home’s energy performance, as well as […]

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